SinglePoint Correlations
| SINGDelisted Stock | USD 0.04 0.01 20.00% |
The correlation of SinglePoint is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
SinglePoint Correlation With Market
Average diversification
The correlation between SinglePoint and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SinglePoint and DJI in the same portfolio, assuming nothing else is changed.
SinglePoint |
The ability to find closely correlated positions to SinglePoint could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SinglePoint when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SinglePoint - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SinglePoint to buy it.
Moving together with SinglePoint Pink Sheet
| 0.81 | DLPX | Delphax Technologies | PairCorr |
| 0.95 | VHAI | VHAI | PairCorr |
| 0.78 | VVPR | VivoPower International Tech Boost | PairCorr |
| 0.72 | EVOL | Evolving Systems | PairCorr |
| 0.62 | SBIGW | SpringBig Holdings | PairCorr |
| 0.73 | GETR | Getaround Financial Report 20th of December 2024 | PairCorr |
Moving against SinglePoint Pink Sheet
| 0.69 | CETXP | Cemtrex Pref | PairCorr |
| 0.55 | WEBB | Web Global Holdings | PairCorr |
| 0.55 | WGNR | Wegener | PairCorr |
| 0.44 | DYSL | Dynasil Of | PairCorr |
| 0.43 | EACO | Eaco Corp | PairCorr |
| 0.83 | INST | Instructure Holdings | PairCorr |
| 0.75 | GVP | GSE Systems | PairCorr |
| 0.74 | FUJIY | FUJIFILM Holdings Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SinglePoint Pink Sheet performing well and SinglePoint Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SinglePoint's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHJI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTCI | 7.78 | 0.94 | 0.13 | 0.71 | 6.83 | 18.18 | 121.74 | |||
| SIRC | 30.56 | 9.07 | 0.16 | (1.42) | 22.38 | 100.00 | 150.00 | |||
| ASTI | 4.56 | 0.06 | 0.00 | 0.05 | 0.00 | 8.54 | 29.81 | |||
| HYSR | 4.82 | 0.16 | 0.02 | 0.26 | 5.16 | 11.76 | 48.14 | |||
| SUNW | 5.87 | 0.64 | 0.10 | 0.69 | 5.75 | 14.29 | 38.53 | |||
| SAENF | 5.96 | (0.19) | 0.00 | (0.03) | 0.00 | 10.00 | 62.08 | |||
| ABCE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VVPR | 6.20 | (0.25) | 0.00 | (0.64) | 0.00 | 6.40 | 112.34 | |||
| SPI | 6.43 | 0.35 | 0.03 | 1.41 | 7.19 | 12.50 | 96.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SinglePoint without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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SinglePoint Corporate Management
| Daniel Guimaraes | Ex Services | Profile | |
| Chad Miles | Ex Operations | Profile | |
| Jason Lally | Ex Revenue | Profile | |
| Corey Lambrecht | CFO Pres | Profile |
Still Interested in SinglePoint?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.